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Get me out of here!

Northern Rock Takeover Bid!

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Guest mSparks

ofg, its another one like BOA's purchase of countrywide financial, in for a penny, in for a pound, "hey we're screwed, so we might as well make this last ditch effort to make it all back, we have nothing else to lose"

of course I could be wrong, I spent about as much time looking at the details as I did writing this lame post.

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So, let's see, if Credit Suisse bought 3% of Northern Rock on Monday, that would have cost them about 75 million pounds. On Thursday, their stake is now worth 30 million pounds. That was a great investment!

Someone on here was advocating buying into Northern Rock on Monday because it was such a great bargain -- "you'll double your money in two days". Do you think they work for CS?

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So, let's see, if Credit Suisse bought 3% of Northern Rock on Monday, that would have cost them about 75 million pounds. On Thursday, their stake is now worth 30 million pounds. That was a great investment!

Someone on here was advocating buying into Northern Rock on Monday because it was such a great bargain -- "you'll double your money in two days". Do you think they work for CS?

Like DB they'll say it's a "trading position", not a massive haircut.

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